SBP to launch image-based cheque clearing system from October 15
Most outlets reported the State Bank of Pakistan’s (SBP) launch of the Pakistan Express Clearing System (PECS) as a digital, image-based cheque clearing system starting October 15. They noted the system will replace physical cheque movement with image-based processing and include a pilot phase before a planned nationwide rollout by April 30, 2027. Profit provided additional detail about the timeline, specifying the nationwide rollout date, while BOL News and Pakistan Observer focused on the pilot launch and new rules for the system. Geo News and ProPakistani also highlighted the October 15 start date but did not mention the 2027 rollout.
Summary generated by HarZaviya from the headlines and excerpts of the 7 outlets below. Each outlet's own headline is listed under it.
Same story from 7 outlets
Each outlet's own headline, most recent first — read any at its source.
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SBP announces new digital system for cheque clearing and settlement
SBP announced the launch of the Pakistan Express Clearing System (PECS) to improve the efficiency of cheque clearing and settlement.
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SBP to introduce image-based cheque clearing system from Oct 15
KARACHI – State Bank of Pakistan is set to introduce a new cheque-clearing system under which cheques will be processed…
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SBP to launch image-based cheque clearing pilot project on Oct. 15
SBP launches a pilot for image-based cheque clearing on Oct 15, issuing new rules & procedures for the system. Get key details from BolNews.
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SBP to launch digital cheque clearing system from October 15
Pakistan Express Clearing System will replace physical movement of cheques with image-based clearing; pilot starts October 15 before nationwide rollout by April 30, 2027
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SBP to begin electronic cheque clearing pilot from Oct 15
An undated image of a State Bank of Pakistan building in this image. — SBP/FileSBP issues rules, procedures, and operational instructions for PECS.Cheques to be cleared using captured images under new system. Pilot will run in three phases; first, from Oct 15 to Nov 15.
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Why Your Cheque Will Clear Faster Starting October 15
The State Bank of Pakistan (SBP) will launch the Pakistan Express Clearing System (PECS) from October 15 to speed up… Read More
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SBP set to launch Pakistan Express Clearing System to fast-track cheque clearing, settlement
KARACHI, Oct 05 (APP):The State Bank of Pakistan (SBP), on Monday, announced the launch of Pakistan Express Clearing System (PECS) for reinforcing the digital payments ecosystem and enhancing the efficiency of the existing cheque clearing and settlements mechanism. The new system will be based on the concept of cheque truncation under which cheques will be...
8 articles from 7 outlets, 5 Oct–6 Oct 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text. What does % identical mean?